iStock/Thinkstock(NEW YORK) -- Three corporate giants are teaming up to enter a new field for them: health care.

Amazon, Berkshire Hathaway Inc. and JPMorgan Chase & Co. plan to start a new health care company that is "free from profit-making incentives and constraints” and will serve their combined 1 million employers based in the U.S., according to Bloomberg.

The effort is being spearheaded by Marvelle Sullivan Berchtold, a managing director at JPMorgan; Todd Combs, who helps oversee investments at Berkshire; and Beth Galetti, a senior vice president for human resources at Amazon.